Wakefit Innovations: Millions Step Towards Stock Market Listing with Ambitious Growth Strategy
Mumbai, vrijdag, 27 juni 2025.
The Indian home furnishings company Wakefit Innovations announces a significant stock market entry with a capital raise of 468 million rupees. The company, specialising in sleep and home decor, plans to establish 118 new proprietary stores and aims to invest heavily in marketing and equipment. With an impressive revenue growth from 199 million to nearly 1 billion rupees in four years, Wakefit positions itself as a promising player in the D2C furniture retail market. The stock market listing will be guided by renowned financial advisors and will be listed on both the Bombay Stock Exchange and the National Stock Exchange.
Wakefit’s Financial Growth Strategy
Wakefit Innovations has planned an ambitious stock market introduction, aiming to raise 468.2 billion rupees through a new share issue. The company will use the proceeds for a targeted expansion strategy, including the opening of 118 new proprietary stores [1][4]. The company has demonstrated impressive revenue growth, with annual turnover rising from 199 million to nearly 1 billion rupees in four years [3].
Market Position and Shareholding
As a direct-to-consumer (D2C) brand in the home furnishings sector, Wakefit has built a strong market position. The company currently generates more than 54.78% of its revenue through its own website and offline stores [7]. The stock market listing will be guided by renowned financial advisors, including Axis Capital, IIFL Capital and Nomura Financial Advisory [2][5].